Was Marx wrong when he said capitalism would inevitably collapse and socialism would inevitably replace it?

Question

Please consider the vanishing American middle class as you answer.

Answer 1

No I think he is correct, now the type of socialism that is brought forth is another thing. Socialism the bad thing about that word in the USA is everyone was taught, no matter how you say the word, the meaning is Old Soviet style Communism. But socialism can be what ever your government choose it to be.
I think it would help in the USA.

Think take away all the federal jobs and federal contracts and America is a doomed country. America is more socialist than most people think.

Answer 2

It is always the case with people to decide the result when the game is still in play. Like Prof Fujiyama writing his book "The End Of History" which was a big hit in the states and sold millions of copies. At the time I said that the man is an idiot. And he later confessed that he was a bit premature with that one and he realises that History has not ended just because he said so.

The same with Marx and Capitalism. You don't have to be a professor of economics to realise that it is actually quite a unstable model and if projected on a computer model, things get very nasty at some point. The rate of change with the elimination of a middle class and a very rich elite is curtains for the system. 50 years left at most.

Answer 3

No, I consider his conclusions and predictions to be likely accurate.

Socialism is any economic form model where the resource production and care for the citizens is centralized, rather than privately held. More and more, you see the US govt (and many other countries) adopting models where everyone is taxed, and the govt provides jobs (or welfare), health care, retirement plans (social security), and so on. Those are all socialist programs.

The bigger a government is, the more socialist it becomes. Becuase big govts have power, and like to stay in power. And the simplest way to do that is to control industry.

Answer 4

He was indeed wrong. The reason is fundamental: although Marx recognized that labor creates value, he completely missed the fact that trade does also. (This is utterly incomprehensible, as he cited a paper on the subject as a footnote in Das Kapital.) This omission rendered his entire thesis -- that socialism was necessary in order for laborers to capture the value of their work -- totally invalid: it is obvious that employment is a trade relation, and creates value for the employee as well as the employer. Marx's mistake is by far the most expensive error that anyone has ever made in all of human history: the cost has been trillions of dollars, and tens of millions of lives, and is continuing to increase every day.

As for the "vanishing American middle class", it isn't.

Answer 5

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Answer 6

Marx is burning in hell today over this question.

The middle class is NOT vanishing. I've been hearing that for more than 20 years and it hasn't happened yet.

What's vanishing is our manufacturing base. That needs to change.

We shouldn't be a welfare state, but we sure need to bring the manufacturing back to life over here.

Answer 7

Well considering that there are about 250,000,000 new Middle Class Chinese people who use to be in total poverty I'd say that Marx was completely & totally WRONG. And it's not the US middle class that is vanishing, new immigrants are just taking their place as the new middle class. It's called competition and if old middle class America can't handle it move to Cuba.

Answer 8

Hi guys. Marx(Uncle) Was spot on. The US economic system is heading for the rocks.

Answer 9

If right, merely b/c a lucky guess. Capitalism is the system of life - happy / productive / luxurious life! Unfortunately, the moral foundation required to intellectually & consitently support capitalism have been undermined; the worst offenders are on the right.

If Objectivism were to catch on, it would make a come back. But as it stands, it (and all of us) are on very shaky ground.

Answer 10

i know what you mean. Only if the US didn't put any socialism in, then there would be much more of a middle class. I couldn't agree more that marx was wrong